Rachel Reeves LIVE: Huge blow to Labour as inflation figures see enormous jump

Rachel Reeves has been dealt a major blow this morning, as new inflation data blew a hole in her promise of economic stability.

The ONS has just confirmed that April's CPI rate of inflation saw a huge jump from 2.6% to 3.5%, much higher than the government's 2% target, as a result of domestic bills.

Tory shadow Chancellor Mel Stride said: "This morning's news that inflation is up - and now well above the 2% target - is worrying for families."

"We left Labour with inflation bang on target, but Labour's economic mismanagement is pushing up the cost of living for families - on top of the £3,500 hit to households from the Chancellor's damaging Jobs Tax. Higher inflation could also mean interest rates stay higher for longer, hitting family finances hard.

"Families are paying the price for the Labour Chancellor's choices."

At noon Keir Starmer will face Kemi Badenoch for PMQs, ahead of yet another Commons recess.

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